Membership in any pension or retirement system of the State, any unit of local government or school district, or any agency or instrumentality thereof, shall be an enforceable contractual relationship, the benefits of which shall not be diminished or impaired.
~Article XIII, Section 5 of the Illinois Constitution
Legislative Alert: Stop SB 512 and HB 3827!
There are two bills in Springfield that would, if passed, alter your pension severely. Your pension is your security in the future. Let’s fight these bills together!
The bill came out of the House Personnel and Pensions committee with a 5-4 vote. However, the bill was NOT called for a vote on the House floor. “Pension reform” is NOT dead. Please keep up the pressure on your lawmakers and tell them to vote NO on SB512. CLICK HERE!
Click here to contact your legislators!
Click here to download a flyer to share with co-workers, friends, and family.
Key Facts:
SB512 “Pension Reform” would create three pension tiers. This would weaken the pension by enabling some to opt out of the Chicago Teachers Pension Fund (CTPF). Those who are moved to a self-managed plan would see their retirement affected by market fluctuations.
Take Action:
Write, call and visit your State Representative and State Senator.
Tell them to vote NO on SB 512.
Click here to contact your legislators!
Resources
• Questions & Answers about the Chicago Teachers Pension Fund
• Background on SB 512
• Status of SB 512
• Website of the Chicago Teachers Pension Fund
